# Where are markets headed?

> Plourd notes that block cheddar fell from $2 per pound before the pandemic to about $1 in late April, then reached a record $3 in July. It dropped toward $1.50 and then rose to $2.50-plus in early October. He says dairy has been among the most volatile commodities in 2020, and that $24 Class III prices did not translate to $24 milk checks for most producers.

- Date: 2020-10-25 · published 2020-10-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50796-where-are-markets-headed
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Continued volatility in cheese and Class III prices adds uncertainty for dairy producers' feed purchasing and herd decisions. The commentary describes past moves without a new market-moving cause.

## Read by commodity

- MILK: neutral

## Sources

- hoards.com: https://hoards.com/article-28888-Where-are-markets-headed.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.